The Built Online Podcast

Are you accidentally sabotaging your business by focusing on the wrong financial metrics?

In this episode, Nick from Bookkeeper360 discusses the importance of proper bookkeeping and financial analysis for e-commerce businesses. He emphasizes that simply tracking revenue is not enough - entrepreneurs need to understand their true costs and profit margins for different products and sales channels. Without this granular financial data, business owners may be investing time and money into unprofitable areas rather than doubling down on their most lucrative offerings.

Nick recommends working with a professional bookkeeper/accountant on a monthly basis to review financials, gain actionable insights, and make data-driven decisions to maximize profitability as the business scales. Proper financial management from early on can help e-commerce entrepreneurs avoid cash flow issues and accelerate growth.

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Where to find Nick:
YouTube: https://www.youtube.com/user/bookkeeper360
Instagram: https://www.instagram.com/bookkeeper360/?hl=en
Facebook: https://www.facebook.com/bookkeeper360/
Website: http://www.bookkeeper360.com
 
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What is The Built Online Podcast?

The Built Online Podcast is an ecommerce and online business show that teaches strategies to grow your company. Each episode we talk with veteran ecommerce sellers who share how they got their first sales online, how they grow their businesses, and the mistakes they made as a beginner which you can avoid. You'll learn how to build a business on Etsy, Shopify, Amazon, and much more. We hope to inspire you to start and run a successful ecommerce business. This podcast is sponsored by EverBee. EverBee is an e-commerce software platform that over 600k online business owners use to successfully start, grow, and scale their company.